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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (36537)1/30/2001 12:33:45 PM
From: Bryan  Read Replies (1) of 50167
 
You raise a very important point in that most of the economic indicators carry a big lag, and none are indicative of future expectations. Why then does the media harp on and take pride in reporting such bad news without stressing the point of LAG? They seem to have some vested interest in pumping extremes both bad and good. And currently, their intent seems bent on proving that all this bad news will ultimately run the U.S. economy into a recession, despite aggressive monetary and fiscal stimulus in the pipeline. I'll fall off my chair the day that the media spends some of its precious AIR TIME to explain the bigger (macro) picture, and put some of this recent bad news into the proper context.

-B
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